ANSWERS: 6
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Everyone knows that money doesn't grow on trees. In fact, it has no single place of birth. No one "invented" or "discovered" money, it was formed over time in many cultures, in different parts of the world, and at various points in history.
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Money appeared as soon as someone did a trade not because they wanted the things they were getting but because they could trade them on to someone else. As soon as you think of something not as valuable in itself but as something tradeable, it becomes a form of money. It was therefore invented many times over in many parts of the world.
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I believe the earliest known (not necessarily oldest really) forms of money are from Ancient Egypt. No paper money, just coins created from metals such as silver and gold, used as an alternative to barter - also probably used as symbols of high status.
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MONEY CAME FROM THE ROYAL FAMILY AND GETS PASSED DOWN TO THE QUEEN OR A KING AS A PICTURE ON PAPER AND COINS TO BE USED TO MAKE OUR LIFES EASY.AND ITS WORKED FOR MANY YEARS AND MORE YEARS UNTILL ONE DAY IT STOPS PRINTING. OR WE GET MORE WISER IN THE FUTURE OR SOMETHING WILL SNAP AND WE RUN OUT OF PAPER AND METAL AND NICKEL. LUCKY PEOPLE WHO MAKE IT. I THINK ITS COME FROM ---GOD OR MAGIC OR FATE.BECAUSE GOD OR MAGIC OR FATE AS MADE SOMEONE MAKE MONEY. LOTS OF LOVE FROM VANESSA X
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your mum
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Money was actually created out of thin air. What happened was the Government made a deal with the Bank Of America (Fed's). The deal was that if the government gave the Fed's an I.O.U for 10 billion dollars, the Fed's would loan them 10 billion dollars. They both agreed. When the 10 billion dollars was given to the Government 1 billion was held by the Fed's. In doing so that created another 9 billion dollars. Totaling 19 billion dollars. Which created more money, and more money, and so forth. Money was created purely on debt, and debt is something the world will never be able to get out of. Which open's another door to the answer how does a recession come to be. A recession can happen whenever the Fed's want. A recession happens when the Fed's ask for a certain amount of money from the government to pay of their debts. It can be any amount they want, whenever they want. So the government shells over however much they can give. Which makes the Government take a big hit in the economical department. How do they pick up the slack do you ask? By making the working man pick up all the pieces and take the hit for what the Government and the Fed's have conspired back in 1913.
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